/biz/ - Business & Finance

>>29364002
time to load up boyos!

hello! this is a general for trend followers in crypto markets.

>what is trend following?
it is a trading technique where you look for new trends with the help of technical analysis

>what indicators are used for trend following?
moving averages (mostly)
vwap
parabolic sar (not bad for stop loss placement)
heikin ashi
renko

>what indicators are NOT used for trend following?
rsi
bollinger bands

>"but the win rate (probability of profitable trade) is so low! it is only 30-50% anon! its no better than a coin flip"
well, there is no way of getting around that.
the system will give a lot of false positives but since losses should generally be much smaller than gains, the profitable trades should balance out any losses by a big margin.

>i want to know more
"[Blueprint] Create a Simple Trend Following System · Nick Radge"
https://www.youtube.com/watch?v=EUUd2kq1Mh4

>which timeframe should I trade?
depends on your personality but usually, longer timeframes for best results